Child Molestation and Bankruptcy Escapes

Ironically, it’s the Catholic Church that has invented this ruse.

The Archdiocese of Portland was the first to do it. Three months later the Roman Catholic Diocese in Tucson, AZ, followed suit and three months after that the diocese in Spokane, WA, did it, too.
They all filed for bankruptcy and since then more than 15 other Catholic dioceses and religious orders have filed for bankruptcy to seek protection from lawsuits by sexual-assault victims, resulting in about 4,000 claims seeking compensation for past wrongdoing. This year, three more Catholic dioceses announced intentions to file.

Escaping debt—escaping court ordered financial penalties for the Church’s abuse of children and women—through bankruptcy.

But, of course. The outcome of this ruse is

[T]he legal strategy uses the law that protects companies from creditors to help preserve its mission and shield assets from claims made by victims of sexual abuse. Filing for chapter 11 freezes lawsuits and provides breathing room to work out a plan to compensate abuse victims.

Never mind that there already are plans for compensating the children and women: the courts’ judgments and assigned penalties from those cynically frozen suits.  There’s nothing to work out.  Aside from that, I’m not sure that a mission that includes condoning officials’ abuse of the most helpless of their flock is a mission worth preserving.  Condoning? See the Pope’s response to attempts to punish priests who are found abusive. See his attempts to absolve higher officials—bishops and cardinals—of their responsibility for the abuses.

And the strategy is spreading.  USA Gymnastics and the Boy Scouts of America are both in or looking to bankruptcy as a way to escape judgment.  Condoning?  See USAG’s—and USOC’s, come to that—covering up of a doctor/trainer’s decades long abuse.

This stinks.

I’m not much enamored of Federal laws, but we need one here: bankruptcy must be legally barred as a means of avoiding financial responsibility for this sort of abuse.  We even have a precedent: college students can’t duck their student debt through bankruptcy, albeit that bar is newly in flux.

Churches (not just Catholic), and any other organizations whose leadership teams or individuals are found culpable of child abuse or sexual abuse of women, cannot be allowed to run away from their fiscal responsibility (criminal courts work the crimes here, already; although I’d certainly like to see the employing institution punished, also).  No debt “reorganization” through bankruptcy should be allowed.  Pay the judgment in full or cease to exist.  With one exception: the guilty ones must be permanently barred from taking any role other than parishioner or line employee in any religious institution, regardless of religion, or in any company in the originating industry.  If the bankruptcy court is empowered to require that, then any fiscal penalties could legitimately undergo some adjustment once publicly available proof has been provided that all the named individuals—and all of the individuals responsible must be named—have been so barred.

Sadly, this bar will have to be done civilly, since the Church, of which the Catholic Church and USAG have shown themselves the canonical examples for all institutions—have chosen not to.

The Party of Expansionist, Acquisitive Government

That’s what we can see made plain in the incoming Congress’ House of Representatives.  Congresswoman Bonnie Watson Coleman (D, NJ) had this on her Progressive-Democratic Party’s plans:

There are dozens of measures…that have been languishing with Republicans at the helm for years, and I expect to see many of them finally come to the floor under Democratic leadership[.]

Plans like rolling back the just enacted tax cuts and preventing the individual income tax cuts from becoming permanent.  Because the Progressive-Democrats know more about how to spend our money than we do.

Plans like Medicare for all, free education for all—paid for by raising those taxes.  So much for “free.”

Guaranteed jobs, especially, “green” jobs—at the Progressive-Democrat’s mandated minimum wage because, like all workers, “green” workers are just too stupid to be trusted with freely negotiating their own compensation package.  And hired by whom?  Not so much a free economy employer; “greenery” isn’t competitive, so the Progressive-Democrats intend to centrally plan our energy economy and require greenery along with subsidizing it.  That can be expected to work as well as the Progressive-Democrats’ centrally planned health economy.

Oh, and they want to deepen the central planning on that: as part of their “Medicare for all” bit, they intend for Uncle Sugar to be sole dispenser of and sole payer for each citizen’s (and illegal alien’s) health care.

Block border security by blocking any wall and by eliminating Immigration and Customs Enforcement.  And hamstringing US Customs & Border Protection generally.

It’s going to be an ugly, wasted two years with no serious legislation coming out of the House—only the Party’s nakedly socialist claptrap.  Socialist and Government-run because, these worthies insist, the average American is inadequate to the task of his democratic duty.

Why I’m Not Worried

I’m not Alfred E Neuman, but I do have some history on my side.  The current market situation seems ugly—and it is.  Aside from my preferred stock portfolio, I’ve gone to cash equivalents for my investments.  Here are some tables illustrating recoveries from past ugly market quarters, via Wall Street Journal‘s Market Watch column of, fittingly enough, Christmas Day.

Here we are without the Great Depression:

1932’s recovery isn’t here, but maybe that period was too high a price to pay for the recovery: 163%, 345%, these were from a severely lowered baseline.

Those are large capitalization stocks; here’s recovery for the Russell 2000, an index focused on small stocks:

For the just concluding quarter, the S&P 500 is down (so far—as of market close noonish last Monday) 17.1%.

Notice that recovery magnitude.  Things get better both economically—and politically because good economics leads to good political outcomes for the party in power.

Update: Disregard yesterday, though; that was an aberration, not anything related to the Tables’ historical predictions. Harken to the trends, not the individual incidents.

Too Much Retrenchment

Christian Whiton, in an op-ed for Fox News‘ online outlet, espoused a large retrenchment and withdrawal of the US (he couched it in terms of withdrawal of our troops only) from Europe and the Middle East.  In one region, though, he’s badly mistaken and goes much too far (he’s mistaken in the other areas, too, but this really stands out).

The president should turn our military bases in Europe over to our NATO allies and withdraw most US troops.
We have kept troops in Europe since World War II, and that war ended 73 years ago. Our European bases have been obsolete since the collapse of the Soviet Union in 1991, and they’ve been of no use to us in the conflicts in Afghanistan, Iraq, and Syria.
Why should US troops defend Germany, for example, where polls show only 30% of Germans have a favorable view of America? On top of that, Germany treats us unfairly on trade, fabricates anti-American news, and is rich enough to defend itself.

No, we should not withdraw most of our troops from Europe.

It’s certainly true that many of those bases have been useless to our efforts in Afghanistan, Iraq, or Syria, but the claim ignores two simple facts: NATO never was designed—or repurposed—to support anything other than a Warsaw Pact (actually, a Soviet Union) invasion of Western Europe.  Secondly the purpose mismatch would disappear if Whiton got his wish and we withdrew our troops from Afghanistan, Iraq, and Syria.

However, it’s also true (though elided in the op-ed) that many of those bases have been used as staging areas for operations in the Middle East and Afghanistan, many of our NATO allies have, and are, participating in those efforts—including a NATO contingent in Afghanistan—and several of those bases have been critical in dealing with combat casualties on their evacuations from the combat zones (Landstuhl comes to mind).

To an extent, though, the bases have become obsolete, although not necessarily in the Trumpian economic sense (and the NATO allies are moving more effectively to redress that than they did with the prior administration’s efforts).  No, with modern war capabilities, especially including missile and cyber war, the bases have become targets—as have the (too few) locations for forward basing of replacement equipment and ammunition.

The premise that Germany treats us unfairly in trade is arguably true (though we would do well to get rid of LBJ’s chicken war tariff on German light trucks), but it’s irrelevant.  Defense isn’t about international trade; it’s about a nation’s or a region’s physical security.  That Germany engages in anti-American fake news also is irrelevant: all journalist industries have their liars and fakers; this, too, has nothing to do with defense.

Germany, and several of the other countries in European NATO, certainly are rich enough to contribute more to their own and to the common effort (on which, see above), but as the last centuries’ wars demonstrated, Germany is not ” rich enough to defend itself.”  They don’t have the population to man the numbers of equipment—tanks, heavy guns, infantry—to face down the currently resurgent Russian threat—which is actively tactical, nuclear, and cyber.  To face that down requires a coalition effort.

It’s also true, though, as Whiton pointed out, that Germans don’t want us there anymore.  Absent hard data, I speculate that several of the other NATO member nations think we’ve outstayed our welcome, also.

Works for me.

But rather than withdrawing from Europe altogether, we should reallocate.

Keep in mind that at violently acquisitive and heavily armed Russia is actively threatening non-Russian Europe: it already has partitioned and occupied Georgia, and it’s in the process of doing the same with Ukraine (it has occupied Crimea, and it’s moving actively to consolidate its occupation of eastern Ukraine and to expand those holdings).  It has engaged in cyber war with each of the Baltic State nations, and it is stirring up the Russian populations in those nations, potentially prelude to a modern-day Anschluss.  It has abrogated the Intermediate Range Missile Treaty, an action that led President Donald Trump to formally withdraw us from it, and it as moved other tactical nuclear weapons close to its western border and into Kaliningrad, from which it can strike with nuclear strength most of western Europe.  It is in late-stage development of hypersonic nuclear weapons as it moves to vastly upgrade all of its nuclear forces.  It has begun harassing and interfering with civilian shipment into the Sea of Azov and the Baltic Sea (and with Ukrainian military shipments into the former).  And on and on.

Reallocation.

Reallocate our politics as well as our defense forces.  Eastern European nations are only newly freed from the Soviet Union’s yoke, and they remember well the nature of Soviet boots on their necks.  They do clearly understand the threat actively presented by Russia today as it seeks—in Russian President Vladimir Putin’s own words—to restore the old Soviet Union empire.

Without walking away from NATO—it still has its uses—we should form a new mutual defense alliance with those eastern European nations: Lithuania, Latvia, Estonia, Ukraine, Poland, Romania, Moldova.  It would be useful to see if Finland, Sweden, and Norway would be interested, along with Denmark and Great Britain.  Then we should withdraw most of our troops from European NATO—which is, generally, western Europe, and which nations have forgotten what it’s like to live under rapacious tyranny—and shift them to those eastern European nations.  And base them in a much more dispersed manner, as well as thoroughly dispersing the forward based resupply facilities.

Election Fraud

I follow a tax strategy discussion board on The Motley Fool and one question asked was whether the stipends a county pays its election monitors is whether the stipend is taxable income (whether or not a 1099 is issued.  Answer: Yes.)  This comment in the thread jumped out at me.

We both [husband and wife] got a stipend for the working at the polls [election monitor] this year…$150 each. The county did not ask for our SSN’s, nor a W-9.

There is no reason to believe this commenter is dishonest, but this lack of checking is election fraud waiting to happen.